We are committed to providing the best tax investigation insurance cover available


We offer you and your clients flexible protection up to £100,000 and no excess for tax returns up to 90 days late. You’ll enjoy the peace of mind that comes from knowing you’re covered against all of these events.

Ever since we were founded in 1985, we’ve put relationships at the heart of our business – our relationship with you and your relationship with your clients. We understand trust is important to the success of your firm. That’s why we’re committed to helping you offer your clients better fee protection, with expert support and guidance.

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Backed by AXA – the no.1* global insurance brand

We’re proud that our policies are underwritten by a group company of the worldwide AXA Group. Where other providers may partner with offshore captive insurance companies whose trading activities lack transparency, we benefit from greater credibility and security by partnering with AXA.

This means we’re able to provide you with more effective, secure and timely services. Plus, once risk has been accepted, every PFP client can enjoy peace of mind, knowing you have the full protection of one of the world’s largest insurers.

We have delegated authority to act on behalf of the underwriter in accepting risk, dealing with policy claims and issuing claims payments.

*Interbrand Top 100 Global Brands 2013

Your cover options with PFP.

Full Enquiry

An extensive examination which considers all aspects of the self assessment tax return. It will involve a comprehensive review by HMRC of all books and records underlying the entries made on the return. It will also feature the issue of a notice under S9A/S12AC TMA 1920 or paragraph 24(1) Schedule 18 FA 1998.

Aspect Enquiry

Where HMRC enquires into one or more aspects of the self assessment tax return which may involve clarification of particular entries, to detailed consideration of whether those entries have been treated correctly for tax purposes. It may involve a check on the records upon which the particular entries were based. It will also feature the issue of a notice under S9A/S12AC TMA 1970 or paragraph 24(1) Schedule 18 FA 1998.

Business Inspection Notices

Where HMRC exercise their power to request entry to a person’s business premises and inspect the business premises, assets, goods and documents. It will feature the approval of an ‘Authorised Officer’ of Revenue & Customs and the issue of an Inspection Notice for a short notice or unannounced visit or where the proposed inspection has been approved by the First-tier Tribunal.


VAT & Employer Compliance visits

Where HMRC wish to carry out a routine PAYE/VAT Compliance Visit where it is agreed that the professional representation is necessary and the matter cannot be dealt with by the client alone.

Business Record Checks

Where HMRC wish to carry out a Business Record Check.  This will feature a telephone call with HMRC followed by an actual inspection visit.

Pre Dispute cover

Where it is considered necessary to involve us following a routine inspection / compliance visit by HMRC.


IR35 Status Check

Where HMRC write asking if you have considered whether a client is within the scope of IR35.

VAT Disputes

A challenge by HMRC to the accuracy or completeness of returns submitted. It will feature a disagreement over both the way in which VAT has been operated and over the amount of VAT due.

IR35 Disputes

Where HMRC states a client should be subject to the IR35 legislation following a PAYE compliance visit or the issue of a notice under paragraph 24(1) Schedule 18 FA 1998. It will feature a disagreement over whether this legislation applies.


PAYE/NIC Disputes

A challenge by HMRC to the accuracy or completeness of returns submitted in accordance with Pay As You Earn Regulations. It will feature a disagreement over both the way in which PAYE has been operated and over the amount of PAYE/NIC due.

Employment Status Dispute

Where HMRC state that an individual previously classed as self employed should have been subject to PAYE.

Directors & Partners Cover

Where a partnership or limited company joins our Tax Investigation Service you may also make a claim in the event of either an aspect or full enquiry into the personal returns of the partners and directors and their spouses and company secretaries. This automatic cover will not extend to rental income in excess of £50,000 per annum (before expenses) or any other business activities.


Application for Judicial Review

This is an application (during the course of a valid claim under the policy) to the Administrative Court to challenge a decision of an official where no other legal recourse is available to the applicant.

Code of Practice 8 Investigations

This is where HMRC Special Investigations launch an enquiry and issue Code of Practice 8 Booklet.

Interventions

This is where HMRC issue a letter, or telephone call, with a view to obtaining clarification on particular points without the issue of a statutory notice and not dealt with or excluded under any other section of the policy.


As not all practices are the same we can tailor the cover provided to your specific needs. Call us on 0345 3071177.